Whalesbook
Harish Textile Engineers Limited has been ordered by the National Company Law Tribunal (NCLT) Mumbai Bench to deposit ₹50,000 as cost for a delayed reply. This directive stems from a petition filed by Kamlesh Corporation concerning alleged outstanding dues. The company must remit this amount to the Prime Minister's National Relief Fund within seven days of receiving the order on March 19, 2026. The tribunal has scheduled the next hearing for April 14, 2026.
The NCLT's order highlights the critical importance of adhering to procedural timelines in debt-related cases. While the immediate financial impact is the ₹50,000 cost, the underlying dispute with Kamlesh Corporation remains active and under legal scrutiny.
Harish Textile Engineers, established in 2010, operates in the manufacturing sector, producing textile processing machinery, other industrial products, and polyester staple fiber. The company has a history of legal engagements, including past insolvency proceedings. In February 2021, a Corporate Insolvency Resolution Process (CIRP) petition was admitted against the company. More recently, in March 2026, it faced a claim of ₹97.59 lakh from Deep Industries for alleged delayed payments. Previously, in November 2025, Electrosil 14 Systems issued a legal notice alleging defaults on Non-Convertible Debentures and dishonored checks. A separate case involving a dishonored cheque for ₹11.72 lakh was resolved and closed in December 2025.
As of March 19, 2026, Harish Textile Engineers Ltd. had a market capitalization of approximately ₹20.5 crore. For fiscal year 2025, the company reported revenue of ₹133 crore. Moving forward, key points to track include the confirmation of the ₹50,000 cost deposit and any developments from the April 14, 2026, NCLT hearing concerning the Kamlesh Corporation petition, as well as the company's overall management of creditor claims.